Gilbert Mead Residents Company Limited

Gilbert Mead Residents Company Limited
Contents Page
For the year ended 31 March 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Gilbert Mead Residents Company Limited Accountants' Report For the year ended 31 March 2025
You consider that the company is exempt from an audit for the year ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. .................................................... C J Driscoll Chartered Accountants & Tax Advisers The Old Surgery 19 Mengham Lane Hayling Island Hampshire PO11 9JT 28 April 2026 1

Gilbert Mead Residents Company Limited
Accountants' Report
For the year ended 31 March 2025

You consider that the company is exempt from an audit for the year ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

....................................................

C J Driscoll
Chartered Accountants & Tax Advisers
The Old Surgery 19 Mengham Lane
Hayling Island
Hampshire
PO11 9JT
28 April 2026

1

Registered Number: 02635275 Gilbert Mead Residents Company Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,156	1,156
		1,156	1,156
Current assets
Debtors		2,574	2,574
Cash at bank and in hand		4,787	3,654
		7,361	6,228
Creditors: amount falling due within one year		(517)	(493)
Net current assets		6,844	5,735

Total assets less current liabilities		8,000	6,891
Net assets		8,000	6,891

Capital and reserves
General Reserves		1,046	1,046
Profit and loss account		6,954	5,845
Shareholders' funds		8,000	6,891

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 28 April 2026 and were signed by:

-------------------------------
Kevin Duffy
Director

2

Gilbert Mead Residents Company Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Gilbert Mead Residents Company Limited is a private company, limited by shares, registered in , registration number 02635275, registration address 67 Osborne Road, Southsea, Hampshire , PO5 3LS.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises of service charges income raised during the year.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

0 Straight Line

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Total
	£	£
At 01 April 2024	1,156	1,156
Additions	-	-
Disposals	-	-
At 31 March 2025	1,156	1,156
Depreciation
At 01 April 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2025	-	-
Net book values
Closing balance as at 31 March 2025	1,156	1,156
Opening balance as at 01 April 2024	1,156	1,156

3

Registered Number: 02635275

Abridged Accounts

for the year ended 31 March 2025
for
GILBERT MEAD RESIDENTS COMPANY LIMITED